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Mike Greenberg opened Ayayai Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 14,400 shares of common
Mike Greenberg opened Ayayai Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 14,400 shares of common stock for $ 14,400 cash. 1 Purchased used truck for $ 9,600, paying $ 2,400 cash and the balance on account. 3 Purchased cleaning supplies for $ 1,080 on account. 5 Paid $ 2.160 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4.440 for cleaning services performed. 18 Paid $ 1.200 cash on amount owed on truck and $ 600 on amount owed on cleaning supplies. 20 Paid $ 2,400 cash for employee salaries. 21 Collected $1.920 cash from customers billed on July 12. 25 Billed customers $3,000 for cleaning services performed. 31 Paid $ 350 for maintenance of the truck during month. 31 Declared and paid $ 720 cash dividend. The chart of accounts for Ayayai Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash > Prepaid Insurance > Equipment > Accounts Payable Common Stock
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